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38-1969-1 - Chapter 1 (331.31...331.33)
Section 331.31 - Hospital Finance Authority Act; Short Title. - Sec. 1. This act shall be known and may be...
Section 331.32 - Legislative Declaration. - Sec. 2. It is declared that, for the benefit of...
Section 331.33 - Definitions. - Sec. 3. As used in this act: (a) "State authority"...
38-1969-2 - Chapter 2 (331.41...331.46)
Section 331.41 - State Hospital Finance Authority; Creation; Public Body Corporate and Politic; Appointment and Terms of Members; Vacancies; Deputies; Quorum; Action by Authority; Expenses; Authority Within Department of Treasury; Independent Exercis... - Sec. 11. (1) The state hospital finance authority is created....
Section 331.42 - Powers of State Authority. - Sec. 12. The state authority has the powers necessary to...
Section 331.43 - Hospital Loan From State Authority; Purpose; Requirements; Security; Appointment of Receiver; Limitation on Loan; Repayment; Interest. - Sec. 13. The state authority may lend money to hospitals...
Section 331.44 - Bonds and Notes; Renewal Notes; Refunding Bonds; Notes or Bonds as General Obligations of Authority; Contents of Resolution Authorizing Notes or Bonds; Authority of Member, Officer, or Other Employee. - Sec. 14. (1) The state authority periodically may issue its...
Section 331.45 - Repealed. 1992, Act 302, Imd. Eff. Dec. 21, 1992. - Compiler's Notes: The repealed section pertained to the creation and...
Section 331.46 - State Authority; State Treasurer, Agent; Deposits, Payments, Security; Agreements; System of Accounts. - Sec. 16. (1) All moneys of the state authority, except...
38-1969-3 - Chapter 3 (331.51...331.63)
Section 331.51 - Incorporation of Local Hospital Authority; Purposes. - Sec. 21. An incorporating unit may incorporate a local hospital...
Section 331.52 - Local Authority; Articles of Incorporation, Adoption, Certificate Form. - Sec. 22. The incorporation of a local hospital authority shall...
Section 331.53 - Local Authority; Articles, Contents. - Sec. 23. The articles of incorporation shall set forth the...
Section 331.54 - Local Authority; Articles, Execution, Filing, Publication; Validity of Incorporation. - Sec. 24. The articles of incorporation shall be executed in...
Section 331.55 - Local Authority; Articles, Amendment. - Sec. 25. Amendments may be made to articles of incorporation...
Section 331.56 - Local Authority as Public Body Corporate; Enumeration of Powers; General Powers Not Limited; Conducting Business at Public Meeting; Notice. - Sec. 26. (1) Each local authority is a public body...
Section 331.57 - Powers of Local Authority. - Sec. 27. A local authority may: (a) Construct, acquire by...
Section 331.57a - Hospital Loan From Local Authority; Purpose; Requirements; Security; Appointment of Receiver; Limitation on Loan; Repayment; Interest. - Sec. 27a. A local authority may lend money to hospitals...
Section 331.58 - Power of Local Authority to Borrow Money and Issue Negotiable Bonds; Purpose; Payment of Principal and Interest; Bond or Coupon Not General Obligation or Debt. - Sec. 28. (1) For the purpose of defraying the project...
Section 331.59 - Contents of Resolution Authorizing Bonds. - Sec. 29. A resolution authorizing bonds or an issue of...
Section 331.60 - Additional Provisions of Resolution Authorizing Bonds. - Sec. 30. A resolution authorizing the issuance of bonds under...
Section 331.61 - Local Authority; Bonds, Enforcement of Payment, Validity, Publication. - Sec. 31. (1) The provisions of this act and any...
Section 331.62 - Issuance of New Bonds. - Sec. 32. If it considers refunding expedient, a local authority...
Section 331.63 - Local Authority; Conveyance of Hospital Facilities. - Sec. 33. When all bonds issued pursuant to the provisions...
38-1969-4 - Chapter 4 (331.71...331.84)
Section 331.71 - Applicability of Chapter. - Sec. 41. The state authority and each local authority shall...
Section 331.72 - Bonds and Notes; Authorization; Type; Payment; Interest; Denominations; Form; Registration Privileges; Execution; Redemption; Sale; Revised Municipal Finance Act Inapplicable; Bonds and Notes Subject to Agency Financing Reporting Act... - Sec. 42. (1) The notes and bonds authorized by the...
Section 331.72a - Bond Reserve Fund; Creation; Payment Into Fund; Funding; Discretion of Authority; Uses. - Sec. 42a. (1) Except as otherwise provided in this act,...
Section 331.73 - Pledges and Liens; Validity; Recording. - Sec. 43. Any pledge made by an authority shall be...
Section 331.73a - Refunding Bonds; Issuance; Purposes. - Sec. 43a. (1) Refunding bonds of an authority created or...
Section 331.73b - Refunding Bonds; Resolution; Plan of Refunding; Determination; Designation of Bonds. - Sec. 43b. Before issuing refunding bonds, the authority issuing the...
Section 331.73c - Refunding Bonds Issued by State Authority; Payment of Principal, Interest, and Redemption Premiums; Sources; Loan Agreement. - Sec. 43c. (1) The principal of, and interest and redemption...
Section 331.73d - Refunding Bonds; Nonliability of State; Statement. - Sec. 43d. The state shall not be liable on the...
Section 331.73e - Refunding Bonds Issued by Local Authority; Payment of Principal, Interest, and Redemption Premiums; Sources; Loan Agreement; Bond, Coupon, or Indebtedness Not General Obligation or Debt. - Sec. 43e. (1) The principal of, and interest and redemption...
Section 331.73f - Use of Proceeds of Refunding Bonds and of Earnings or Profits on Proceeds; Resolution. - Sec. 43f. (1) Except as provided in subsection (2), the...
Section 331.73g - State Treasurer or Financial Institution as Trustee for Proceeds of Refunding Bonds, Other Funds, and Investment Earnings and Profits; Purposes; Trust Agreement; Investment of Proceeds; Defeasance. - Sec. 43g. (1) To provide for the protection of the...
Section 331.74 - Authority Members; Persons Executing Notes or Bonds; Personal Liability. - Sec. 44. Neither the members of any authority nor any...
Section 331.75 - Bond or Note Holders; Vested Rights, Impairment. - Sec. 45. The state pledges and agrees with the holders...
Section 331.76 - Repealed. 2002, Act 436, Imd. Eff. June 10, 2002. - Compiler's Notes: The repealed section pertained to issuance of bonds...
Section 331.77 - Certificate of Need Required; Exception. - Sec. 47. Before a state or local authority adopts a...
Section 331.77a - Bonds to Refinance Indebtedness or Refund Obligations as to Facilities Located Outside State; Determination. - Sec. 47a. An authority may issue bonds pursuant to this...
Section 331.77b - Resolution Authorizing Issuance of Bonds or Notes; Determination and Consideration of Conditions. - Sec. 47b. In addition to the other requirements of this...
Section 331.78 - Bonds or Notes; Negotiability. - Sec. 48. Whether or not the notes or bonds are...
Section 331.79 - Bonds and Notes; Legal Investments. - Sec. 49. The notes and bonds of any authority are...
Section 331.80 - Tax Exemption. - Sec. 50. The property of any authority and its income...
Section 331.81 - Bonds and Notes; Tax Exemption, Exception. - Sec. 51. The state covenants with the purchasers and all...
Section 331.82 - Nondiscrimination Provision. - Sec. 52. The authority shall require that use of hospital...
Section 331.83 - Construction of Act as to Powers Conferred; Purpose and Intention. - Sec. 53. This act shall be construed as granting cumulative...
Section 331.84 - Declaration of Necessity; Liberal Construction. - Sec. 54. This act, being necessary for and to secure...